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| 背面描述 | The reverse carries a dense block of printed legal text comprising multiple numbered articles of the authorizing legislation, set in small letterpress type across the full face of the note. The text references the operational conditions, redemption mechanisms, and limitations of the 'FEDERAL' and 'CERTIFICADO' instruments under provincial law. The lower margin bears the place and date of issue: Paraná, 31 de Diciembre de 2001. |
| 背面铭文 | LETRAS DE TESORERIA PARA CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE ENTRE RIOS -- 'FEDERAL' Artículo 4° ... (Translation: TREASURY LETTERS FOR CANCELLATION OF OBLIGATIONS OF THE PROVINCE OF ENTRE RIOS - 'FEDERAL' Article 4 ...) |
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Entre Ríos issued this note during Argentina's terminal fiscal crisis, when provincial governments — cut off from federal transfers and unable to service payrolls — began printing their own quasi-currencies. These emergency bonds, collectively known as patacones in Buenos Aires Province but carrying different names elsewhere, were legally denominated in pesos yet circulated at varying discounts depending on public confidence in each issuing province. Entre Ríos called its series "Federales."
Casa de Moneda's involvement gave the notes a degree of physical credibility that helped acceptance, though the irony of the national mint producing instruments that effectively bypassed the national currency was not lost on contemporary observers. Most were redeemed or destroyed after the 2002 stabilization agreements.